How to Manage Your Construction Overhead and Profit Anyone involved with the daily operations of a construction business understands that it is crucial to manage your expenses wisely. Essentially, this means your production costs, payroll, and other expenses will need to be calculated with the utmost accuracy. However, managing your business finances is no cause […]
Construction is a challenging and competitive industry, yet one that is arguably lacking in the use of metrics and critical cost analysis to drive financial performance.
Many contractors in the construction industry rely on Cost to Complete (CTC) forecasts in order to gauge the financial health of their projects. A seemingly less prevalent, and possibly less understood, alternative is to use Earned Value (EV).